30%??

Anyway, I saw this in the LHDN website....Yearly Forex Average.

http://www.hasil.gov.my/pdf/pdfam/KadarPer...anWangAsing.pdf

Could be the rate for convertion. Feel free to correct me if wrong.

This post has been edited by KOHTT: Mar 6 2014, 03:04 PM

Guys, hope someone could shed some light. Do I need to fill in the "Pendapatan tahun kebelakang yang belum dilaporkan" as I have arrears payment on my EA, its a non fix standby allowance.

Can I just leave it blank, PCB and KWSP is deducted from that amount.

Cheers

This post has been edited by ShadowR1: Mar 6 2014, 04:52 PM

anyone got their tax refunds yet?

LHDN can see there's extra PCB debited from your incometax account, but it's not shown in your e-filing (because you choose not to declare the arrears income & arrears PCB paid). So, there's a mismatch there between what LHDN see vs what you've file in e-filing.

If you happen to get audited, definitely they'll ask you to come to LHDN, either to punish you, or to ask you to fix your income tax filing ..

This post has been edited by zeese: Mar 6 2014, 05:52 PM

So fast meh?

In each year, I will fill in the e form around Apr and submit in the last week of April. It is bcoz one year my colleague get audited when he submit early. When I submit around last week, there is many form around and they dun care small fish like me anymore. I know it sound silly, but I lazy to get audited.

I think kena saman for sure. But i wonder how to calculate it

I might not get you there, I think most will have extra PCB debited after all the deduction and relieve.

Yes normally over deduct..

a little help on this?

They can see there's extra PCB debited, but they cannot see how much is your arrears income. So, LHDN can't calculate or make sure that that extra PCB is either overpaid or underpaid..

In other words, if you don't declare the "Pendapatan tahun kebelakang", it's like you tell LHDN.. "Okay, I paid my extra PCB already, but I won't tell you how much extra/arrears income I actually get. Just trust me that the PCB I paid is correct, and not underpaid".

This post has been edited by zeese: Mar 7 2014, 10:50 AM

It's supposed to be based on the exact price you made your exchange. But if you don't have one, the best bet is from the charts. Average is for the entire year, what if you made the change at a higher price than the average ? You'd be loosing out on the deductions.

Sorry, its 3% . Wrong calculation.

Ok, noted. Thanks for your inpit.

Cos you didn't fill up Borang TP1 ... it is to reduce the "over-deduction"

Hihi i found this at LHDN website:

Deferred Annuity and Private Retirement Scheme (PRS) - with effect from year assessment 2012 until year assessment 2021 - 3,000 (Limited)

I wan to ask i bought HLA Wealth Builder, can I claim the 3000 tax relief as deferred annuity?

Appreciate can get some answer on this. Thanks.

It must be under PRS scheme. If it is eligible, there is a slip for tax deduction send to you as a proof of it.

It must be under PRS scheme. If it is eligible, there is a slip for tax deduction send to you as a proof of it.

How to get the boring TP1? Normally, HR will have it?

Hihi, I think HLA WEALTH BUILDER is not under PRS scheme since when i buy the PRS scheme not yet launch.. @.@
I have make some google search found this link http://kclau.com/retirement/prs-da/ but still not sure can use as tax relief on
Deferred Annuity and Private Retirement Scheme (PRS) - with effect from year assessment 2012 until year assessment 2021

U still can start PRS this year